- We asked nine tech investors to tell us which European fintechs will boom in 2019.
- Fintech is Europe’s hottest startup market, with companies raising more than $9 billion in 2019, according to industry figures.
- The companies cover a wide variety of products and services across the financial industry as digital disruption reshapes everything from banking to insurance.
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Business Insider spoke with some of the most prominent voices in European venture capital to pick out the companies in the contintent’s financial technology industry they think will be at the forefront of 2020.
Fintech is the continent’s hottest startup sector, with companies in the market raising more than $9 billion in venture capital in 2019, according to figures from Atomico.
The finance startups that have hit unicorn status to date have mostly been challenger or neo-banks which provide payment services, particularly related to foreign exchange and low-fee transfers. Familiar European firms include Monzo, TransferWise, Revolut, and Starling Bank.
But there are major new trends in the market, such as open banking, the rise of compliance, and a big move towards insurance technology.
Insurtech is one of the biggest verticals in this list with a number of companies looking to disrupt parts of what is still a fairly traditional industry.
Business Insider asked some of Europe’s leading VCs in the fintech space to provide one company from within their portfolio and one from outside that they believe will be one to watch in 2020.
Here are the fintechs that VCs think will blow up in 2019, in no particular order.